Cryptocurrencies have been garnering great attention in the last few years due to their meteoric rise in value and their potential to revolutionize economics and trading. This year, Bitcoin and Ether, two of the most popular and successful cryptos, have shown that they are following different paths with regards to both their short-term price movements and momentum relative to each other.

The Relative Strength Index (RSI) is a tool used for quantifying momentum. It assigns a value on a scale from 0 to 100 to indicate how quickly or slowly an asset is rising or falling in value. An RSI reading of 70 and higher signifies that an asset is entering an overbought stage, and a reading of 30 or lower implies that it is oversold.

Bitcoin's short-term price movements have remained relatively stagnant recently, hovering around the $28,000 level that it had been stuck at for the past three weeks. However, its RSI has been decreasing; since March 17, it has fallen 14% while its price has only increased by 2%. This bearish divergence between Bitcoin's price movements and its relative momentum indicates that a directional shift could potentially soon come.

On the other hand, Ether has been gaining greater strength in recent weeks. It reached a nine month high above $1,900 recently and its RSI has been remaining steady since March 17, only changing by 2% over this period. Meanwhile, ETH's price has gone up 6% in the same span of time. This shows that the momentum and price for Ether are much more in line with each other when compared to Bitcoin.

It appears that Ethereum is going to break past $2,000 in the near future, while Bitcoin may experience a short-term pullback from its current peak. It is important to note however, that these levels of momentum and the type of price movement do not automatically translate to strong buy or sell signals; they simply provide evidence of the existing strength of an asset's rise or fall.



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